How much UK rental income is tax-free if you’re a UK landlord living overseas? It’s a dream that many people in Britain have. Move to another country, somewhere sunnier, to work or retire. For those who choose to live their dream, living overseas is often
Read more
Update January 2023: Making Tax Digital MTD for income tax has been delayed by two years until April 2026. April marks the start of the 2022/23 UK tax year, while also being the month when HMRC introduces some important tax changes. These can affect landlords
Read more
The tax return deadline has been extended, what does this mean and five last-minute tips for landlords. You still need to send HMRC your 2020/21 Self Assessment tax return and pay any tax owed by 31 January, but due to coronavirus they will waive late
Read more
In the UK, landlords are able to save tax by sharing the Personal Allowance of their lower-earning spouse. This way, they can maximise the total household’s take-home pay without falling foul of the taxman. However, there are strict rules. And it’s for this reason that
Read more
Expat landlords make money from renting out their property to others. This means they will need to complete an annual Self-Assessment tax return form (which tells HMRC how much Income Tax they will owe on any earnings) and submit it before the 31st January deadline.
Read more
If you have rental property in the UK but live overseas you may still be eligible for a tax free allowance. Based on CBRE research, between 60-70% of London property owned by non residents is tenanted. Assuming, similar numbers across the country, then based on
Read more
If you have rental property in the UK and spend time overseas you may be classed as a Non Resident Landlord. And if you are our UK tax authorities aka HMRC will usually want to here from you. That’s because you have a set of
Read more